Stock Traders Purchase Large Volume of Call Options on Morgan Stanley (MS)
Shares of Morgan Stanley (NYSE:MS) was the target of unusually large options trading on Monday. Stock traders acquired 16,852 call options on the stock, StockRatingsNetwork.com reports. This represents an increase of 110% compared to the average daily volume of 8,011 call options.
A number of analysts have recently weighed in on MS shares. Analysts at TheStreet reiterated a “buy” rating on shares of Morgan Stanley in a research note to investors on Sunday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $30.65.
Morgan Stanley (NYSE:MS) traded up 0.35% during mid-day trading on Monday, hitting $31.62. 8,979,453 shares of the company’s stock traded hands. Morgan Stanley has a one year low of $19.41 and a one year high of $31.85. The stock has a 50-day moving average of $30.91 and a 200-day moving average of $28.. The company has a market cap of $61.701 billion and a P/E ratio of 19.57.
Morgan Stanley (NYSE:MS) last released its earnings data on Friday, October 18th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.02. The company had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the prior year, the company posted ($0.55) earnings per share. The company’s quarterly revenue was up 50.0% on a year-over-year basis. On average, analysts predict that Morgan Stanley will post $2.03 earnings per share for the current fiscal year.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals.
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